Illinois Statutes
§ 25
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 35/ Illinois Development Credit Corporation Act.
A financial institution which does not become a member of a corporation established by this Act shall not acquire any shares of the capital stock of such corporation. This prohibition, however, shall not apply to a financial institution when acting as trustee of a bona fide trust.
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Legislative History
(Source: Laws 1965, p. 577.)
Nearby Sections
11
§ 25
§ 25§ 25-1
Interim distributions§ 25-10
(Repealed)§ 25-15
(Repealed)§ 25-20
Right to distribution§ 25-25
(Repealed)§ 25-30
Limitations on distributions§ 25-5
(Repealed)